Office · Silver Spring, Maryland
Silver Spring Plaza
Silver Spring Plaza is financed with a $35.0M CMBS loan at 4.90% that reached maturity on July 11, 2026, 3 months ago. As of the Sep 2026 servicer report, the latest filed for this loan, its status is past maturity and not performing.
The loan
- Balance in tracked trusts
- $35,000,000
- Original balance (same notes)
- $35,000,000
- Interest rate
- 4.90% fixed
- Originated
- July 3, 2018
- Maturity
- July 11, 2026
- Payments
- Interest only for the full term
- Prepayment lockout ended
- September 10, 2020
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Non performing matured balloon. (code 5)
- Special servicing
- Transferred July 11, 2026
- Workout strategy
- TBD
- Modified
- Yes, most recently December 14, 2023
- Defeasance
- Partly defeased
The property
- Address
- 8757 Georgia Avenue, Silver Spring, MD 20910
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 242,823 sq ft
- Built
- 1970, renovated 2001
- Largest tenants
- DLH HOLDINGS CORP.; COGNXRAI LLC; NAT'L CHILDREN'S CENTER
- Value at securitization
- $56.9M (May 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.66x | 1.26x |
| Occupancy | 87% | 58% |
| Net operating income (annualized from 6 months) | $4.6M | $2.2M |
| Debt yield | 6.3% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2018-C46 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Past maturity
- Modified
On the cmbs.news watch list in every report since July 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 87% when the loan was securitized to 58%.
- Net operating income is 52% below the underwritten figure ($2.2M a year against $4.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.66x at securitization to 1.26x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $35.0M | Non performing matured balloon | Yes | 1.26x | 58% |
| August 2026 | $35.0M | Non performing matured balloon | Yes | 1.25x | 58% |
| July 2026 | $35.0M | Non performing matured balloon | No | 1.55x | 58% |
| June 2026 | $35.0M | Current | No | 1.55x | 58% |
| May 2026 | $35.0M | Late payment but less than 30 days delinquent | No | 1.55x | 58% |
| April 2026 | $35.0M | Current | No | 1.55x | 58% |
| March 2026 | $35.0M | Current | No | 1.51x | 61% |
| February 2026 | $35.0M | Current | No | 1.51x | 61% |
| January 2026 | $35.0M | Late payment but less than 30 days delinquent | No | 1.51x | 61% |
| December 2025 | $35.0M | Current | No | 1.54x | 61% |
| November 2025 | $35.0M | Current | No | 1.54x | 61% |
| October 2025 | $35.0M | Current | No | 1.54x | 61% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Special-servicing history
- Transferred to the special servicer July 3, 2023, returned to the master servicer March 11, 2024.
- Transferred to the special servicer July 11, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C46 | 4 | $35,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington-Arlington-Alexandria loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Fair Oaks Mall | Fairfax, VA | Retail | $151.1M | 4.258% | Nov 2026 | 1.53x | 90% | Current |
| Potomac Mills | Woodbridge, VA | Retail | $145.5M | 2.988% | Nov 2026 | 4.48x | 95% | Current |
| East Market | Fairfax, VA | Retail | $30.0M | 4.169% | Dec 2026 | 1.96x | 97% | Current |
| Georgetown Plaza | Washington, DC | Mixed use | $23.0M | 4.30% | Nov 2026 | 0.65x | 84% | Current |
| Willco Business Center | Gaithersburg, MD | Industrial | $22.0M | 4.786% | Dec 2026 | 1.27x | 80% | Current |
| Enterprise Plaza | Lanham, MD | Retail | $21.7M | 4.68% | Dec 2026 | 1.99x | 100% | Current |
| Carmax Sterling | Sterling, VA | Retail | $15.2M | 4.78% | Dec 2026 | 2.11x | 100% | Current |
| Sacramento Center | Alexandria, VA | Mixed use | $9.5M | 4.44% | Oct 2026 | 2.59x | 99% | Current |
All loans maturing in 2026 · All Washington-Arlington-Alexandria loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.